Does Transfer Money from Credit Card Affects the Cash Withdrawal Limit?
Credit cards offer a wide range of amenities. You can both withdraw and transfer money through the card. Financial institutions issuing the credit card for that matter, comes with a limit or threshold on the amount you can transact on a particular day.
Only they have the authority to regulate cash limit in credit card. Card issuers study the credit card usage patterns of their customers to make necessary changes in it.
The transactions through credit cards are carried out by white-label ATMs, brown-label ATMs and clearing houses. You get to enjoy rewards, benefits, discounts and other offers with the use of credit cards.
Bajaj Finserv has come up with their Bajaj Finserv RBL Bank SuperCard to bring you multiple industry-leading offers and benefits. With 0% interest on cash withdrawals for up to 50 days, pre-approved loan facility and easy EMIs, this credit card stands out in comparison to the rest in the market.
With a user-friendly procedure, transactions through credit cards are way simpler than they actually seem. Credit card issuers provide 24*7 services to assist you in your transactions online. You can either visit the issuers’ website to transfer the amount or call them to request transfer. It is a smooth and hassle-free process.
With responsible usage of credit cards and timely bill payments of credit card, you can build your creditworthiness and thereon, your CIBIL score. This might help you have the upper hand when you are trying to have your request for loan approved.
September 9th, 2019